DNO, Audax Nix Tunisian Farm-In Discussions

(Click to Enlarge)

Reference is made to DNO's stock exchange notice dated October 16, 2009, concerning signing of a letter of intent between Audax Resources Ltd and DNO for a farm-in transaction for the Chorbane permit in Tunisia. The farm-in discussions have now been terminated, as the parties failed to agree on the transaction terms.

DNO continues to see Tunisia as an interesting country for new business development and other Tunisian license opportunities will be pursued going forward.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Commercial Management|Project Management|Site Engineer
Location: LA
Product Manager
Expertise: Business Development|Executive
Location: Houston, TX
Project Manager
Expertise: Project Management
Location: Atlanta, GA
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours